Volato Group, Inc. (NYSEAMERICAN:SOAR) Sees Significant Drop in Short Interest

Volato Group, Inc. (NYSEAMERICAN:SOAR) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 4,263,456 shares, a drop of 61.3% from the September 30th total of 11,010,111 shares. Based on an average daily volume of 19,579,652 shares, the days-to-cover ratio is presently 0.2 days. Approximately 10.7% of the shares of the company are sold short.

Volato Group Stock Performance

NYSEAMERICAN:SOAR opened at $0.24 on Thursday. Volato Group has a 52-week low of $0.10 and a 52-week high of $1.84. The firm’s 50-day moving average is $0.23 and its 200-day moving average is $0.26.

Volato Group (NYSEAMERICAN:SOAR) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.06) EPS for the quarter. The company had revenue of $0.97 million during the quarter. Volato Group had a negative net margin of 11.82% and a negative return on equity of 525.19%.

Volato Group Company Profile

Volato Group Inc is a private aviation company that provides aircraft charter and ownership solutions for individuals and businesses. Its offerings include aircraft fractional ownership, jet card programs, managed aircraft services and on-demand charter flights.

The company has focused on operating and managing a fleet of private aircraft, including HondaJet light jets, while using technology and operational services to support booking, scheduling and aircraft utilization. Volato serves customers seeking private air travel in the United States and may also arrange flights to international destinations through its charter network.

Volato was founded in 2021 and became a publicly traded company following its business combination with PROOF Acquisition Company I.